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Driving the Future of Blockchains: A Four-Part Series

The future of autonomous driving is no longer a theoretical point in the distance. It’s here.

The car, which was for so long simply the sum of its parts — a combustion engine, chassis, wheels — has become so much more. It can now be thought of as limitless points of data, collected by the automobile itself, fed through onboard computers and external devices, making the act of driving more efficient, safer and a whole new experience entirely.

And none of this would be possible without the advent of blockchain technology. With distributed ledgers enabling the collection, storage and interpretation of a new avalanche of data, they will be an indispensable tool in the future of automobiles.

A few pioneers have been leading this charge. There are automakers like Tesla, which have changed the way we think about our cars and reintroduced them as super computers that get us from point a to point b. There are traditional companies in the space like Toyota that, through its Toyota Research Institute, are reexamining the data their products can collect. And there are companies like Gem, which are taking their expertise in the blockchain technology space and tailoring applications for the automotive and insurance industries.

Distributed’s four-part “Driving the Future of Blockchains” series, to be presented here in the coming weeks, will take a deep dive into the present and future of blockchain disruption for the automobile industry. Stay tuned to this space for more.

The “Driving the Future of Blockchains” series is presented by Gem, a sponsor of

ETH Price Analysis: Why Gains Are Being Lost

Distributed Summary:

  • ETH-USD failed to break overhead resistance in the $160 range. This coincided with a failed retest of the supply and demand channel as the market saw a strongly overbought condition.
  • We are currently stuck between support and resistance, but it seems very likely that we will see a retest of the low $90s before any potential bullish pressure hits the markets. If, for whatever reason, we begin to rally, we need to see a decisive, strong close above the $160 level before any macro-trend-changing behavior is seen.

Bitfury Launches Music Project on Exonum and Bitcoin

Bitfury, a developer of blockchain-based hardware and software products, has announced a new initiative: Bitfury Surround. The project aims to build an open-source platform that streamlines operations in the music entertainment industry.

ING Partners With R3 to Adopt Corda Enterprise Blockchain

Distributed Summary:

  • Over five-year partnership, ING plans to leverage applications built on R3’s enterprise blockchain platform
  • Bank receives “unlimited number” of licenses for Corda Enterprise
  • Could mark a significant financial use case for distributed ledger technology

Bitcoin Now Available Through Coinstar Kiosks Nationwide

Distributed Summary:

  • Coinstar and Coinme team up to offer bitcoin-for-cash transactions at grocery stores around the country
  • Twitter users have shared photos of the on-screen process